Explain if the tax consequences are the same whether a shareholder contributes property to a corporation in
Question:
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A contribution of capital is always nontax...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Question Posted:
Students also viewed these Business Law questions
-
Roadrunner, Inc., is an exempt medical organization. Quail, Inc., a sporting goods retailer, is a wholly owned subsidiary of Roadrunner. Roadrunner inherited the Quail stock last year from a major...
-
Roadrunner, Inc., is an exempt medical organization. Quail, Inc., a sporting goods retailer, is a wholly owned subsidiary of Roadrunner. Roadrunner inherited the Quail stock last year from a major...
-
Len Wallace contributed assets with a $100,000 adjusted basis and a $400,000 FMV to Ace Corporation in exchange for all of its single class of stock. The corporation conducted operations for five...
-
For brands is it more important to create big idea that is required to drive a customer connection or can it be stifled by corporate requirements to measure performance with automation and generate...
-
Define the term budget. How are budgets used in planning?
-
COMIND index is computed by averaging commodity prices. Compute the five month forward price for this index if the spot price is 1,000 and the continuously compounded annual rates for various costs...
-
A large company has the opportunity to select one of seven projects-A, B, C, D, E, F, G-or choose the null (donothing) alternative. Each project requires a single initial investment as shown in the...
-
The following account balances were included in the trial balance of Twain Corporation at June 30, 2012. The Retained Earnings account had a balance of $337,000 at July 1, 2011. There are 80,000...
-
Assess any asymmetric information issues that the apple experienced during the previous five years. What were the adverse selection and the moral hazard problems that the company encountered?
-
Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. Solve for the missing amounts, and...
-
How does a corporation depreciate an asset received in a 351 transaction in which no gain or loss is recognized by the transferor of the property?
-
Why might a corporation prefer to characterize an instrument as debt rather than equity for tax purposes? Are the holders of the instrument indifferent as to its characterization for tax purposes?
-
In October 2015, Goldman Sachs was the highest priced stock in the DJIA and Cisco was the lowest. The closing price for Goldman Sachs on October 27, 2015, was $186.31, and the closing price for Cisco...
-
Write a memo to your CFO. Include discussion of each of these points: How the sale portion of the sale-leaseback transaction should be accounted for at the lease's inception. How the gain on the sale...
-
Durham, Inc. issued $500,000 of its 10-year zero-coupon bonds on January 1, Year 6, to yield 9%. The effective interest method is used. PV of $1 (9%) PV of an Annuity of $1 (9%) FV of $1 (9%) FV of...
-
Explain the below general Information Retrieval (IR) system architecture - user feedback Ranked documents The user User query Query operations Executable query Retrieval system Document collection...
-
A right-hand circularly polarized, uniform plane wave E,His obliquely incident on the planar interface between two non-magnetic dielectric media as shown in the above figure. It is observed that the...
-
Carole Lemieux works for The Wellness Centre in Ajax, Ontario. Carole is paid on a semi-monthly basis. Her gross pensionable/taxable income per pay is $1,575.00. Please calculate CPP.
-
The North Atlantic hurricane database, or HURDAT, is a database of all tropical storms and hurricanes for the Atlantic Ocean, Gulf of Mexico, and Caribbean Sea, reporting numbers of storms each year...
-
Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.76 in 2017. What was the annual growth rate?
-
Jackson invested $190,000 in a passive activity five years ago. On January 1, 2014, his at-risk amount in the activity was $45,000. His share of the income and losses in the activity were $52,000...
-
In 2014, Jerry acquired an interest in a partnership in which he is not a material participant. The partnership was profitable until 2015. Jerry's basis in the partnership interest at the beginning...
-
Carson had the following itemized deductions in 2016: State income taxes...............................$1,500 Charitable contributions..........................9,900 Mortgage interest (personal...
-
Write a program in Ruby to find all prime numbers within a given range using the Sieve of Eratosthenes algorithm.
-
Question 1 [CLO 2] For the following transactions pass journal entries, prepare ledger accounts and also prepare the trial balance. 2018 April 1. Saeed started business with cash $200,000, stock...
-
i have written an informational interview e-mail to female television host and meet her to get to learn out of her. After a meeting i wants to thank her for sharing her time and knowledge to me. how...
Study smarter with the SolutionInn App